One of the recurring themes that the class has dealt with is
the idea of subjugation, the unjust use of superior power to coerce or oppress,
and how a bad government is guilty of this while a good government allows
private property rights and enough freedom to use them to accumulate physical
capital and wealth. That idea is,
indeed, a major driver for the book The
Rise and Decline of Nations, which addresses how liberty-loving countries
start vibrant and energized, and, over time, accumulate social organizations
that slow their economies; hopefully not to the extreme of subjugation!
Subjugation is the starting point of the revolutions that
can bring about a new liberty-loving nation.
Examples that should be well known include the American and French
Revolutions. Less well known is the
example of Bacon’s Rebellion, where a Virginian colonial named Nathaniel Bacon,
as a side effect of wanting to fight the natives, wound up at odds with the
Crown’s governor and had to fight the British army. A subjugator fighting a subjugator, a cynic
might say.
According to an AP article from the Washington Post, called Guinea-Bissau government says coup
plotter came from Portugal,
a failed coup in the African nation that was formerly a Portuguese colony was
headed by a Portuguese. The country has
apparently had so many coups since achieving independence that it remains
poor. The logic that The Rise and Decline of Economic Growth
suggests would indicate that, if they can achieve stability, they will then grow
capital and achieve wealth simply because there will be a time where there is
no social drag. If there is a good
government that does not subjugate.
1 comment:
Yes, and after learning in Power & Prosperity about roving and stationary bandits, you can add a bit more to this point.
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